How do you calculate closing stock? Which important steps do
you take while valuation of closing stock.
Answer Posted / manish
closing stock = opening stock+ purchase+ direct expenses- sale
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is cost accountancy?
Mention what is bank reconciliation?
What is general ledger account?
i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?
A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.
Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-
cheque deposit is a contra entry?
pass journal entry for Prepaid insurance
A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?
What do you debit and credit if discount allowed is underrated?
how to treat investment fluctuation fund in case of death of a partner
What do u mean by press releases
Why company issue shares at discount as its a loss ?
iam working with tally ERP.9,but iam dont prepared reconciliation,trial balance,profit&loss,balance sheet etc.bcoz all these activicties done in head office.plz give me citeria where iam prepared.
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.